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10/17
01:19
Europe's auto industry welcomed a deal between France and Germany on emissions, which provides relief for manufacturers grappling with high costs and intense Chinese competition, and opens the door to the UK.
01:19
The Prime Trust estate has won a $9 million default judgment against Poloniex after the exchange failed to respond to a clawback lawsuit. This judgment stems from Prime Trust's bankruptcy, which occurred after it allegedly used $82 million in customer funds to cover lost deposits, including transfers of over $9 million to Poloniex and Justin Sun before its collapse. The current default judgment is against Polo Digital Assets LTD, the firm operating Poloniex, while Prime Trust continues to seek discovery on Sun himself. Separately, the FTX estate has also filed suit against Sun-owned HTX and Poloniex.
01:16
Former Israeli Prime Minister Naftali Bennett posted on social media platform X, accusing Prime Minister Netanyahu and his cabinet members Ben-Gvir and Smotrich of turning a blind eye to "Jewish terrorism" in the occupied West Bank. Bennett stated that with determination and seriousness, this "despicable terrorism" could have been stopped long ago, but the current Israeli leadership "chooses to turn a blind eye." These remarks were made after nearly 100 Israeli settlers attacked Palestinians and journalists near Ramallah in the West Bank on October 16. Bennett also said that if his party wins the Israeli elections later this month, he will "take a tough stance against these criminals."
01:12
The White House announced that President Donald Trump returned to Georgia on October 17 to review his administration's record under the "America First" policy. The announcement listed multiple economic achievements, including historic tax relief for Georgia's working families (with an average refund of $3,169 in 2026) and attracting private investments from several companies, including Pirelli ($1.2 billion), Siemens ($185 million), and UCB ($2 billion), creating thousands of jobs. Additionally, the announcement mentioned lower energy costs, support for farmers, strengthened border security, and a decrease in crime rates (murders in Atlanta fell by 22% last year and 36% in Q1 2026).
01:02
Iranian President Masoud Pezeshkian, speaking at the UN Biodiversity Summit in Armenia, condemned the ecological destruction caused by conflicts in the Middle East, calling it "environmental genocide" and urging the international community to find solutions.
00:55
Schwab CEO Rick Wurster announced on the company's earnings call that the broker plans to launch its own version of the tax-aware long-short strategy. This type of strategy has seen booming demand from wealthy investors looking to shield capital gains, with total assets in such strategies surging to over $170 billion this year from $2 billion in 2022.
00:52
Traders on the prediction market Kalshi have raised the odds of Tesla and SpaceX merging by early 2027 to over 50%, following a report released by Barclays on Wednesday outlining potential forms of such a merger. As of Friday morning, the odds of a merger occurring before next March jumped from 29% to 56%, with odds for April and May also rising to similar levels. Barclays expects the merger could be announced before Tesla's annual shareholder meeting, which will be held no later than December 6, 2026. Analyst Dan Levy anticipates that the merger might be proposed as an AI vertical integration, involving Tesla's Robotaxi and Optimus with SpaceX's Grok and Macrohard.
00:39
NEAR Intents Protocol's postmortem report linked a $3.8 million exploit to a deposit bug. The protocol has since removed deposit notifications after another critical bug report and stated that all affected users have been made whole.
00:37
Long-term U.S. Treasury prices fell after some Wall Street predictions that U.S. government officials would directly hint at a potential reduction in the sale of such securities failed to materialize.

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